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~6979~

05/19/08 7:02 PM

#49522 RE: songbirdia #49519

Thank you song bird.Im fairly experienced and definitely active in my investment practice.The spooztools demo wasnt really pitched towards stock traders .It was pitched towards mostly futures @ currency applications.Those markets are very complicated and the demo wanted to show how spooztools uniquely can handle that level of data.Its quite an accomplishment IMO.Im not interested in futures or forex;I would apply spooztools to my stock research.Just the bid/ask tracking application is huge in itself.Its just something thats not currently offered on any plattforms.Spooztoolz basically is an upgrade in data management as well as customization.What I like about it is that they are not recreating the wheel...they are just giving the wheel a much bigger landscape to maneuver in.Does that make any sense?
As far as your question as to how much traders typically spend per month for tools.Anywhere from $30-$100 more or less.Its hard to say because alot of brokerages offer basic tools for free which alot of traders might settle for.
There are many different kind of traders as well as the tools they use.My assumption is that most traders will sit back and let others create new indicators using spooztools,then copy the techniques.How many traders really understand the mathematics of the MACD?Most only know how to use it;and thats good enough.